Industry Analysis & Industry Trends
Driven by government support and increasing demand from patients, the development of traditional Chinese medicine (TCM) hospitals has accelerated in recent years. In 2014, revenue for this industry is expected to increase to $36.9 billion, up 13.8% from 2013 and representing annualized growth of 16.2% from 2009.
For the Traditional Chinese Medicine Hospital industry, a growing number of patients has ensured revenue and profitability increases. Profitability is expected to rise from 0.9% in 2007 to an estimated 4.0% in 2014. The scale of traditional Chinese medicine hospitals has also been expanding. There are about 2,971 traditional Chinese medicine hospitals in China, with 208 beds each on average.... purchase to read more
Industry Report - Industry Analysis Chapter
In the five years through 2014, revenue for the Traditional Chinese Medicine Hospital (TCM) industry has been growing – from $17.4 billion in 2009 to a forecast $36.9 billion in 2014, representing annualized growth of 16.2%.
Development of traditional Chinese medicine hospitals tends to be standardized. In 2014, there are 2,971 traditional Chinese medicine hospitals in China with about 616,000 beds. Each hospital has about 208 beds. In most traditional Chinese medicine hospitals, Western medical devices and detecting methods have been adopted for diagnoses.
Development of the TCM industry has been of growing importance to the Chinese government in recent years... purchase to read more